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the recovery of our economy and consolidation of our finances. van at a key reason for the slovenian economy's sluggish performance is they have been starved of credit. the country's indebted banks have practically stopped lending, but the government believes markets have not given up on slovenia. his decision to resume its big bond sale is an indication of that confidence. >> there is more momentum in the global campaign to boost tax revenues by going after people with secret assets and tax havens. the british finance minister now says european countries will be working more closely with british overseas territories to identify tax cheats. the territories will now automatically provide account information to british authorities. those territories include bermuda and the cayman islands. >> in germany, tax evasion has also become a hot political issue with the general election just a few months away. it has even reached into the highest levels of the nation's most popular soccer club. >> the president of bayern munich has become the country's best
the recovery of our economy and consolidation of our finances. van at a key reason for the slovenian economy's sluggish performance is they have been starved of credit. the country's indebted banks have practically stopped lending, but the government believes markets have not given up on slovenia. his decision to resume its big bond sale is an indication of that confidence. >> there is more momentum in the global campaign to boost tax revenues by going after people with secret assets and...
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May 9, 2013
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peter, can you put these figures into context of the german economy as a whole? >> the first thing to mention is that the german economy is at this point in time still pretty robust. with unemployment running about 7%, that is pretty favorable in comparison. what we've seen in recent times is a growing wealth gap, which means those at the top of the spectrum are doing better and better, and those further down are increasingly struggling. it is estimated that currently about one in five of the workforce are in the low wage or the very low wage sector. many of them are short-term contracts. that means that so many of them are not actually earning a living wage, and the important point is this is very new for germany, which is after all a country which was until very recently so proud of having what it calls a social market economy, and inclusive model where everyone in theory at least gets a fair deal. that is clearly no longer the case. the opposition saying the answer to this is a national minimum wage. they are asking why germany's neighbors and most industriali
peter, can you put these figures into context of the german economy as a whole? >> the first thing to mention is that the german economy is at this point in time still pretty robust. with unemployment running about 7%, that is pretty favorable in comparison. what we've seen in recent times is a growing wealth gap, which means those at the top of the spectrum are doing better and better, and those further down are increasingly struggling. it is estimated that currently about one in five of...
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May 1, 2013
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for much of the period when these young people were growing up, the irish economy was booming. it was known as the celtic tiger. most people were expecting a bright future. >> poverty and unemployment were not supposed to be part of the picture. then they turned up so quickly that it overwhelmed people. it is particularly tough on younger people. older people have artie experienced hardship in the 1980's, and they know this is part -- have already experienced hardship in the 1980's, and they know this is part of a cycle. but i think young people have had a really hard time. >> that is why young irish people are on the move again. about 200,000 have left the country to try their luck elsewhere since the crisis began. they don't even appear in the unemployment figures. >> let's return to the situation here in germany. we are joined by our political correspondent. unemployment in germany is 5.4%. that's pretty good. what has germany done that other countries have not? >> one thing they have done is kept wages low. there has been extraordinary wagers bank -- wage restraint. germany
for much of the period when these young people were growing up, the irish economy was booming. it was known as the celtic tiger. most people were expecting a bright future. >> poverty and unemployment were not supposed to be part of the picture. then they turned up so quickly that it overwhelmed people. it is particularly tough on younger people. older people have artie experienced hardship in the 1980's, and they know this is part -- have already experienced hardship in the 1980's, and...
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May 3, 2013
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even core economies are weakening. france should contract slightly, and paris will seriously overstep the eurozone's budget deficit ceiling. >> in france, the recovery is expected to be delayed, which evidently has repercussions on public finance. the french forecast is in our view overly optimistic. a significant effort would be required. >> brussels is to grant paris two extra years to cut its deficit to under 3%. >> let's bring in our correspondent from brussels. from your perch, how does all this look? is europe finally hitting the bottom of this crisis? we have reports that france and the netherlands are both faltering as well. >> no, i think the crisis is nowhere near the end. what these figures do -- they polarized the debate, sharpen the debate between those on one side led by german chancellor angela merkel, who say austerity is the way forward, and those who say we are being squeezed too tight. people will look at these figures and say this is evidence that the commission is applying the squeeze too tightly.
even core economies are weakening. france should contract slightly, and paris will seriously overstep the eurozone's budget deficit ceiling. >> in france, the recovery is expected to be delayed, which evidently has repercussions on public finance. the french forecast is in our view overly optimistic. a significant effort would be required. >> brussels is to grant paris two extra years to cut its deficit to under 3%. >> let's bring in our correspondent from brussels. from your...
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economy. >> what we need to be doing is devoting this to achieving growth. they should not associate the european union with canny pension, but right now that is the message. >> letta's message is that it was up to every house to get their economic house in order. they said there was no difference between that reduction and a robust economy. >> they have to go hand in hand. the goal is not specific deficit targets for growth rates but for people to find work again and enable companies to expand. >> he was given a warm reception but did not show any time -- signs of battening down from his position. his next stops are paris and brussels. >> how is mission europe going down? for more, we go to our chief political correspondent, melinda crane. tell us more about his reception. >> it was friendly. the chancellor definitely praised the steps taken so far and she welcomed and wished letta a lucky hand for the sake of europe and germany. she was quite firm and made it clear that germany would be sticking to their guns as far as the need for continuing to cut back o
economy. >> what we need to be doing is devoting this to achieving growth. they should not associate the european union with canny pension, but right now that is the message. >> letta's message is that it was up to every house to get their economic house in order. they said there was no difference between that reduction and a robust economy. >> they have to go hand in hand. the goal is not specific deficit targets for growth rates but for people to find work again and enable...
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May 8, 2013
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. >> last year, more than 1 million people moved to europe's biggest economy looking for new jobs and opportunities. most of those immigrants came from poland, romania, and bulgaria, but the numbers coming from greece, italy, spain and portugal jumped by 40%. in berlin, controversy has erupted over a german-islam conference. >> the meeting aims to promote intercultural dialogue and promote the integration of muslims, but islamic group and opposition politicians say by putting the main focus on security and the threat of islamist terrorism, the conference is having the opposite effect. >> delegates at the islamic conference have often disagreed on the purpose of the panel, but now, many muslim members are more critical than ever. they openly criticize the interior minister for focusing on security and ignoring the other issues important to germany's muslims. >> security is important to us all, including muslims. muslims also suffer from islamist terrorism in germany and elsewhere, it is a legitimate can -- legitimate topic and not for the islamic conference. >> suggestions that the min
. >> last year, more than 1 million people moved to europe's biggest economy looking for new jobs and opportunities. most of those immigrants came from poland, romania, and bulgaria, but the numbers coming from greece, italy, spain and portugal jumped by 40%. in berlin, controversy has erupted over a german-islam conference. >> the meeting aims to promote intercultural dialogue and promote the integration of muslims, but islamic group and opposition politicians say by putting the...
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May 3, 2013
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weigh down own -- the economy. the idea that people should make their own decisions -- he stood for all those things. in his column.us he needed to stand up for closing more of the deficit. ofwas the greatest opponent deficit spending there ever was. he left a legacy of massive deficits. that was a historical error of enormous proportions. >> more with david stockman, some day at 8:00 p.m. >> mrs. grant was also interesting. there was an extraordinary roller-coaster existence. for most of their lives, he was regarded as an abject failure. unable to provide for their own family. popular he was the most man in the country. on the the union battlefield. >> julia loved her time in the white house. "the most wonderful time of my life." .he enjoyed being first lady she felt her husband finally achieve the recognition he deserved. "first monday night on ladies." >> "washington journal" continues. host: the book is titled "who stole the american dream?" two americas." thank you for, being with us. your assessment of where
weigh down own -- the economy. the idea that people should make their own decisions -- he stood for all those things. in his column.us he needed to stand up for closing more of the deficit. ofwas the greatest opponent deficit spending there ever was. he left a legacy of massive deficits. that was a historical error of enormous proportions. >> more with david stockman, some day at 8:00 p.m. >> mrs. grant was also interesting. there was an extraordinary roller-coaster existence. for...
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May 6, 2013
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. >> analysts are forecasting the economy will begin to pick up next year with unemployment starting to drop. funny seven percent of spaniards are currently out of work, a record -- 27% of spaniards are currently out of work, a record high. >> on to monday's market action now. european shares ended the session slightly lower, but still hovering near the five- year highs they hit last week. our correspondent sent us this summary of the day's trading from the frankfurt stock exchange. >> only three points were missing for the german stock index, dax, to reach another all-time high. investors were not courageous enough. this has to do with the fact that, this week alone, eight dax companies will present their quarterly earnings reports, and not all of this new six -- news is expected to be positive. this makes it unclear whether the market will come -- climb further up words in the course of this trading week. in the -- linde managed to beat analyst expectations with its earning report -- earnings report. the demand for the stock was very high. linde's shares ended today as the biggest
. >> analysts are forecasting the economy will begin to pick up next year with unemployment starting to drop. funny seven percent of spaniards are currently out of work, a record -- 27% of spaniards are currently out of work, a record high. >> on to monday's market action now. european shares ended the session slightly lower, but still hovering near the five- year highs they hit last week. our correspondent sent us this summary of the day's trading from the frankfurt stock exchange....
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. >> she's been credited with rescuing the lithuanian economy through her stick -- strict austerity measures. the european parliament president pays tribute to her courage, which he says she proved time and time again as finance minister. >> in the commission, people say with admiration that the commissioner is the proud owner of a black belt in karate. she is a hard negotiator, but she is always willing to make fair compromises. she is truly a woman of her word. damage driven by her political vision -- >> driven by her political vision, she gave up her job in brussels. she wanted to steer her country out a political crisis by implementing tough reforms. she cited gondi, margaret thatcher, and angela merkel as her role models. she said the german chancellor deserves respect for her handling of the eurozone crisis. -- she cited gandhi, margaret thatcher, and angela merkel as her role models. >> even if it is not popular, or you lose power, you at least invest in the sustainable future of your country. >> the charlemagne prize was also a chance to send a message to all europeans that they all
. >> she's been credited with rescuing the lithuanian economy through her stick -- strict austerity measures. the european parliament president pays tribute to her courage, which he says she proved time and time again as finance minister. >> in the commission, people say with admiration that the commissioner is the proud owner of a black belt in karate. she is a hard negotiator, but she is always willing to make fair compromises. she is truly a woman of her word. damage driven by...
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May 4, 2013
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as the economy continues to change. host: let's talk to joe from omaha, neb., on our unemployed line. caller: banks for accepting my call. accepting my call. i want to talk about efficiencies and the gang mentality. i am recently employed. i was unemployed not too long ago. getting assistance myself. when you speak to these people, it is telemarketers where there used to be workers. i tried to get an address to the dentist's office because i knew it would be covered under the health care plan and they gave me the wrong address. i had to go to another one and get my eyes checked. they sent me to a place that would check my eyes but would not give the glasses. there are efficiency issues with the social programs that as part of the problem. i amr as gang mentality, really disgusted with the gang mentality in washington. it does not seem like republican or democrats have the best interest of our country at heart. they forgot that is the primary goal to look at the country. a democrat that might think something is good that
as the economy continues to change. host: let's talk to joe from omaha, neb., on our unemployed line. caller: banks for accepting my call. accepting my call. i want to talk about efficiencies and the gang mentality. i am recently employed. i was unemployed not too long ago. getting assistance myself. when you speak to these people, it is telemarketers where there used to be workers. i tried to get an address to the dentist's office because i knew it would be covered under the health care plan...
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May 1, 2013
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the explosion of our health costs are killing the economy. we saw it in the auto restructuring, you know, we're spending -- the car companies are spending more on health insurance than on a lot of other things. i think he believes that he had one shot at something big and that that was the one thing he could do to make a long-term change that would long-term benefit the economy, but it had political costs. he didn't keep communicating about why it was central to the economy, one thing. and second, i think he could have been doing and talking more about jobs while he got that done. so i don't think it was executed perfectly, but i absolutely defend the decision to do it. host: erin, you're on with joan walsh, democrats line. go ahead. caller: well, i asked that question earlier. host: oh, i'm sorry, aaron. caller: no, it's fine. host: you're still on the line. what's your followup? anything else you want to add? caller: yes, i really appreciate your answer, saying that it's good that we internalize these things, and we can discuss it. and i wa
the explosion of our health costs are killing the economy. we saw it in the auto restructuring, you know, we're spending -- the car companies are spending more on health insurance than on a lot of other things. i think he believes that he had one shot at something big and that that was the one thing he could do to make a long-term change that would long-term benefit the economy, but it had political costs. he didn't keep communicating about why it was central to the economy, one thing. and...
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May 5, 2013
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the economy in the u.k. was booming at the time, and the brith government, unlike many other eu states, welcomed migratory workers with open arms. today, polish is one of the most widely spoken languages in britain after english. in times of prosperity, all was well, but now that jobs are becoming scarce, that is changing. many british blame their country's problems on the migrants who come from countries in the east of the eu, and poland is just one of them. >> when he first came to london last summer, it was love at first sight. he had actually only come to visit friends, but he ended up staying. he fell in love with the colorful houses in their chimneys. he associates them with harry potter, and he draws them in his spare time. >> i like the diversity here. every chimney is different. every door is colorful. and then there is a tolerance -- people smile at you on the street, and they are always apologizing even if you bump into them. >> he is one of thousands of poles who have come to make a living from r
the economy in the u.k. was booming at the time, and the brith government, unlike many other eu states, welcomed migratory workers with open arms. today, polish is one of the most widely spoken languages in britain after english. in times of prosperity, all was well, but now that jobs are becoming scarce, that is changing. many british blame their country's problems on the migrants who come from countries in the east of the eu, and poland is just one of them. >> when he first came to...
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May 8, 2013
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also it could help our economy. for example, if we reform our immigration system to focus more on merit and high skilled immigration, we think not only would it help the economy but also according to our own research it would lessen the burden on american taxpayers. those who are college educated on average pay way more in taxes than they receive in government services and benefits. that is why we think we should not go down this road again. we have seen it before. full me once, shame on you, full me twice, shame on me. me once, shame on you, fool me twice, shame on me. ?ost: talk more about metrics guest: if we reform it to focus on skills. there was a heritage report that we released in the 1980s looking at the in 1970s data on immigration. at that time, immigrants as a whole had a higher education level than the nativeborn population. that was less than a generation after we had changed our immigration policy in the 1960s to really focus on family reunification, which led to so call chain migration. if you had a
also it could help our economy. for example, if we reform our immigration system to focus more on merit and high skilled immigration, we think not only would it help the economy but also according to our own research it would lessen the burden on american taxpayers. those who are college educated on average pay way more in taxes than they receive in government services and benefits. that is why we think we should not go down this road again. we have seen it before. full me once, shame on you,...
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May 9, 2013
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with the economy of this country. those who vote for it, playing with this fire, are going to burn themselves. but i think most significantly, they're going to burn the economy of the united states of america. i've tried to figure out who the pide piper is of this -- pied piper is of this proposition. it's hard to figure it out, but those who follow that pied piper and the republican ranks, those who vote for it, essentially are moving towards the cliff following that pied piper but worse off, it places this country once again and this economy in danger of going over the cliff. this is not only a mistaken idea, it's really a rotten one. let's vote no. i reserve the balance of my time. the speaker pro tempore: the gentleman from michigan, mr. levin, reserves the balance of his time. the gentleman from michigan, mr. camp, is recognized. mr. camp: thank you, madam speaker. i yield myself 15 seconds. since the gentleman raised the question of who holds our debt, this chart shows that the vast majority of our debt is held
with the economy of this country. those who vote for it, playing with this fire, are going to burn themselves. but i think most significantly, they're going to burn the economy of the united states of america. i've tried to figure out who the pide piper is of this -- pied piper is of this proposition. it's hard to figure it out, but those who follow that pied piper and the republican ranks, those who vote for it, essentially are moving towards the cliff following that pied piper but worse off,...
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May 2, 2013
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economy tanked along with the rest of the world economy is that more and more people have moved back from the united states where they learned language and job skills and are being fully employed in mexico. they actually came back. you never hear anything about immigration going back the other way. these people were illegal immigrants to the u.s. in the first place. kindld like to hear some of statistic on the number of people who immigrate back. we are discussing all of this crime. yes, it is a serious problem. yesterday, i looked up the consulate statistics on the number of u.s. citizens who died by homicide. it was 69 people in the entire people. he st. louis people -- area kills four times that every year round -- the st. louis area kills four times that every year around this time. the you have a change in your own personal feeling of safety? vallarta has of only one industry and that is vallarta hasrta only one industry and that is tourism. if you have any problem, all you have to do is scream and the locals will come to your aid. that will not happen in st. louis. the locals w
economy tanked along with the rest of the world economy is that more and more people have moved back from the united states where they learned language and job skills and are being fully employed in mexico. they actually came back. you never hear anything about immigration going back the other way. these people were illegal immigrants to the u.s. in the first place. kindld like to hear some of statistic on the number of people who immigrate back. we are discussing all of this crime. yes, it is...
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it can weigh down the present economy. the idea of on japan doors, the idea of technological change -- the idea of entering the norse, the idea of technological change -- the idea of entrepeneurs, the change, ichnological agree with those things. he lost fiscally. he really needed to stand up on closing more of that deficit. ronald reagan spent most of his life -- spent his life in the 1980's as the greatest scourges of deficit spending. he left a legacy of massive which let his followers say that deficit does not matter. that was a historical error of massive proportions. >> more with david stockman tonight at 8:00 on c-span's "q&a." [video clip] " ashington journal continues. host: linda feldmann is here to talk about president obama's second term. is the big oneis for him in the second term. that: i always thought the control was a long shot and immigration reform largely because there is a strong pitch for the republicans to get this done. this is not necessarily about the president being successful. even he knows and
it can weigh down the present economy. the idea of on japan doors, the idea of technological change -- the idea of entering the norse, the idea of technological change -- the idea of entrepeneurs, the change, ichnological agree with those things. he lost fiscally. he really needed to stand up on closing more of that deficit. ronald reagan spent most of his life -- spent his life in the 1980's as the greatest scourges of deficit spending. he left a legacy of massive which let his followers say...
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May 7, 2013
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economy is. this is nothing more than a perception to give the american people the false reality that things are good. the only thing that is good is the pocketbook of the elite in america. other than that the american people are not prospering in any respect. inflation has gone up. all you have to do is go to any store, go to any retail store and you can see how your paycheck is instantaneously evaporated. there is the reason there's so much discontent in america and it is only going to get worse because as you see this situation continued to erode dc a formulation of greater and greater tyranny in america. this is the byproduct of it. the media is selling to lie and perpetrating the line. >> before you go tell me about your weight is for the last four years. caller: my wages have been relatively steady. i have had the sense to invest in things like gold and silver. i will not invest in the stock market in any respect. when people who are investing in the stock market -- they are .nvesting in a
economy is. this is nothing more than a perception to give the american people the false reality that things are good. the only thing that is good is the pocketbook of the elite in america. other than that the american people are not prospering in any respect. inflation has gone up. all you have to do is go to any store, go to any retail store and you can see how your paycheck is instantaneously evaporated. there is the reason there's so much discontent in america and it is only going to get...
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May 5, 2013
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the european economy is facing a serious boost as the european commission continued their forecasts for the end of the year -- and more people are expected to lose their jobs as the european economy shrinks even more. >> on friday, a leading prosecutor was shot dead in pakistan. chaundry zulfiqar ali's job was to solve the murder of former prime minister benazir bhutto six years ago. earlier in the week, he said investigators had circumstantial evidence to link former president pervez musharraf to the crime. >> the last seven south korean forces left the industrial park -- this complex in north korea was a symbol of reconciliation. its failure reflects rising tensions between the nations and more strain between washington and p'yongyang after a u.s. citizen was sentenced to 15 years of hard labor in north korea. fridayd freedom day on coincided with the deutsche -- it went on-line with a radio show and shore radio was frequently used. ♪ deutche welle. it has expanded into an enterprise of hard news and entertainment, speaking to the world in 30 languages, with on- line content, but th
the european economy is facing a serious boost as the european commission continued their forecasts for the end of the year -- and more people are expected to lose their jobs as the european economy shrinks even more. >> on friday, a leading prosecutor was shot dead in pakistan. chaundry zulfiqar ali's job was to solve the murder of former prime minister benazir bhutto six years ago. earlier in the week, he said investigators had circumstantial evidence to link former president pervez...
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May 6, 2013
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we have the biggest economy in the world. they are just holding us back. there is 30 two trillion dollars sitting down there in the cayman trillion sitting there in the cayman islands. i am sitting here in this natruaural gas shell. pumping stations and exported to china. host: coming up on this edition of "washington journal," a look at the potential field for 2016 presidential race with reid wilson. later on our periodic series on the health care law continues with a look at the impact of the affordable care act on businesses. us,.h kliff will join today is monday and we will be right back. alsos. grant was interesting. they had this extraordinary roller coaster existence. their lives he was considered an abject failure. in almost no time at all suddenly he was the most popular man in the country, the man who saved the union on the battlefield and then president of the united states. >> julia loved her time in the white house. she said in her memoirs it was like a bright, beautiful dream. she felt her husband had finally achieved the recognition he >> de
we have the biggest economy in the world. they are just holding us back. there is 30 two trillion dollars sitting down there in the cayman trillion sitting there in the cayman islands. i am sitting here in this natruaural gas shell. pumping stations and exported to china. host: coming up on this edition of "washington journal," a look at the potential field for 2016 presidential race with reid wilson. later on our periodic series on the health care law continues with a look at the...
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May 4, 2013
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the left fell out of favor after ruining the economy. >> hungary is divided. there is no conversation between the right and left. think of it. you have to go to the right side or the left side. to myre is no healthy credit debate between the government and opposition in hungary. thegovernment has altered constitution four times in the past three years. the changes include limiting court review of parliament's decisions. , and restrictions on civil rights. almost he posted on the streets are subject to fines or prison. onhomeless people posted the streets are subject to fines or prison. they cook volunteer meals for the needy. he has been living on the streets for 14 years. he says he has never been treated as badly as now. he says he feels like a fourth class citizen, and that the homeless are not even treated as citizens. he says he can only find work on a black market. the government says there are always jobs available to the homeless, but that is not true. they belong to a student network set up last year via social media. they protested against the fourth
the left fell out of favor after ruining the economy. >> hungary is divided. there is no conversation between the right and left. think of it. you have to go to the right side or the left side. to myre is no healthy credit debate between the government and opposition in hungary. thegovernment has altered constitution four times in the past three years. the changes include limiting court review of parliament's decisions. , and restrictions on civil rights. almost he posted on the streets...
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May 6, 2013
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what's their role in a market economy? we asked analyst richard gill. large profits in a capitalistic system, according to economist joseph schumpeter, derive from one source-- innovation. they're the superabundant rewards given to those who are clever enough, daring enough, enterprising enough, to come up with something new. the apple computer story is a letter-perfect example of what schumpeter was talking about. a few points about this process-- first, innovation decisions are quite different from the expected rate of return calculations we discussed earlier. how can you calculate a rate of return when you're doing something new? it's doubtful the interest rate plays any major role here. second, the entrepreneurs weren't risking big money. they sold a van and a calculator. their risks were far more subtle, a sense of failure, perhaps, reputations, schumpeter might have said. third, the huge profits did not last that long. ibm and all their brotherhood quickly swooped down into the personal computer market. entrepreneurial profits are often huge, but
what's their role in a market economy? we asked analyst richard gill. large profits in a capitalistic system, according to economist joseph schumpeter, derive from one source-- innovation. they're the superabundant rewards given to those who are clever enough, daring enough, enterprising enough, to come up with something new. the apple computer story is a letter-perfect example of what schumpeter was talking about. a few points about this process-- first, innovation decisions are quite...
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May 5, 2013
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>> the ace in the hole is if the economy strengthens, as well. his approval rating has been around 50% the length of his presidency. as kim suggests, if he is hanging back and he is going to capture 17 seats in the house he is going to have be a lot more popular than he is right now. he needs some wins. >> paul: the problem with second term presidents have is flexibility. president obama has never really wanted to have an aggressive foreign policy agenda. he doesn't have that kind of flexibility that you saw with reagan, for example, or with bill clinton. >> no, it is as you say largely self-imposed. i think there were several people in the run-up to the election looked at what he did in troops in afghanistan and some of the other decisions and stuff that this was simply keeping things calm in the run-up to the election. what we've seen, after the election his decisions on syria as you said, this is not a president who wants to have a robust or big or bold foreign policy. so that is not going to win him any marks out there either. >> paul: are we
>> the ace in the hole is if the economy strengthens, as well. his approval rating has been around 50% the length of his presidency. as kim suggests, if he is hanging back and he is going to capture 17 seats in the house he is going to have be a lot more popular than he is right now. he needs some wins. >> paul: the problem with second term presidents have is flexibility. president obama has never really wanted to have an aggressive foreign policy agenda. he doesn't have that kind...
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. >> the ace in the hole is in the economy strengths as well. unemployment rate dropped a tenth of a perper sent this week. his approval rating has been around auto% the length of his presidency, paul as kim suggests hanging back thinking he is going to capture 17 seats in the house to take control of the house he is going to be have to be a lot more popular than he is right now. he needs some wins one way or the other. >> paul: kim, the other thing that second term presidents often have is flexibility on foreign policy. fewer constraints, congress doesn't have the authority it does on domestic issues. but president obama has never really wanted to have an aggressive foreign policy agenda. so he doesn't have that kind of flexibility that you saw with reagan, for example or with bill clinton. >> no, and it is as you say largely self-imposed some people in the run up to the election looked what the did he in terms of troops in afghanistan and some of the other decisions and thought maybe this was simply about keeping things calm in the run up in t
. >> the ace in the hole is in the economy strengths as well. unemployment rate dropped a tenth of a perper sent this week. his approval rating has been around auto% the length of his presidency, paul as kim suggests hanging back thinking he is going to capture 17 seats in the house to take control of the house he is going to be have to be a lot more popular than he is right now. he needs some wins one way or the other. >> paul: kim, the other thing that second term presidents often...